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7 Oversold Stocks Ready to Bounce, 2 to Avoid

DV Chart DV data by YCharts

DeVry (DV)

Background: DeVry owns and operates DeVry Institutes of Technology, Denver Technical College, Keller Graduate School of Management and Becker Conviser CPA Review. DeVry trades an average of 1.3 million shares per day with a market cap of $1.3 billion.

52-Week High: $46.92

52-Week Low: $18.15

Book Value: $21.18

A few days after the gap down in price at the end of July DeVry became oversold. The price has stabilized and should trend higher from here. Decry is oversold on the weekly and the daily price charts.

DeVry pays a dividend which appears safe based on expected earnings. Investors are receiving 30 cents in dividends for a yield of 1.56%.

The trailing 12-month price-to-earnings ratio is 6.1, the mean fiscal year estimate price-to-earnings ratio is 9.1, based on earnings of $2.11 per share this year.

Shares have crumbled 34% in the last month of trading. Most of the loss was on the one day after earnings. Big short interest and short sellers expect the price to keep falling. The current float short is 13.6%, and it's enough to create a short squeeze.

DV Free Cash Flow Chart DV Free Cash Flow data by YCharts

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